Parents who are going through a divorce have to determine what should be included in the parenting plan. This governs how the children will be raised and the responsibilities of both parents. While many parents are able to put their differences aside to raise their...
If you’re considering going through a divorce or have already filed for one, you’re probably wondering how long the whole process will take. It’s a fair concern, especially when your financial security, living arrangements or custody matters are concerned. While every...
Parents who have children together generally have more concerns to address during divorce than those without children. Instead of simply dividing their property, they also have to address their parental rights and responsibilities. Issues related to parental rights...
Property division is a series of major decisions, each of which has the possibility of affecting your finances now and into the future. One of the major assets that has to be handled is the marital home. It’s sometimes difficult to determine what should happen with...
Divorcing can be a difficult time for the children of the couple in question. Teenagers in particular might find it embarrassing and want to keep it secret from as many people as possible. Naturally, they may be totally against the idea of you telling the school....
If you are going through a divorce and believe that your spouse may be dissipating marital assets, it is important to take action quickly. Dissipation refers to the intentional waste, transfer or hiding of marital property to prevent it from being fairly divided...
A prenuptial agreement (prenup) can bring peace of mind by outlining how finances, property and debts will be handled should the marriage end. For many couples, it’s a practical step to set early expectations and avoid unnecessary conflict down the road. However, just...
When going through a divorce, especially a high-asset one, many people focus on how the court will divide property, investments, and other assets. However, asset division can also influence child support obligations. Understanding how assets affect child support helps...
Divorce is a personal issue. For many, protecting their privacy is one of their main concerns. Fortunately, there are practical ways to keep your personal matters out of the public eye. Below are some interesting points to consider. Limit online activity One of the...
A complex divorce in Illinois brings financial challenges, especially when considering tax implications. Knowing how taxes impact your settlement can help you avoid unexpected costs. Let’s explore some key tax factors to consider. Alimony and spousal support tax...
